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7338 Five Points Rd
Indianapolis, IN 46259
Asking Price
Contact for price
Asset Type
Residential Multifamily
Class
Class B
What's Special
7338 Five Points Rd, Indianapolis, IN 46259 <ul><li>5.80-acre corner lot with ~800 ft road frontage - prime development site</li><li>Approved Clover Subdivision 5-lot plat - 1 home already complete, 4 lots ready to build</li><li>Key infrastructure agreements in place: water main and sanitary main extensions approved</li><li>Possible subdivision into 5 parcels of 1 acre each</li><li>Priced at $600,000 - strong value for multi-lot development in Indianapolis/Marion County</li><li>Corner location at Shelbyville Road and Five Points Roa
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
